1. The basic (minimum) trading unit of futures is (one) contract, commonly known as "hand".
2. The turnover is the number of contracts that have been concluded, which is calculated bilaterally (buying and selling), so it must be even.
3. For example, if Party A buys 10 lot at the price of 1234 yuan and Party B sells 10 lot at the price of 1234 yuan, then they have a deal, and the deal is 20 lots.
4, in the market, the same variety of contracts in different months to calculate their respective turnover, add up to this variety of turnover. Daily turnover, monthly turnover.
2. Open position, also known as short position or open position, refers to the number of futures contracts that have not been hedged and delivered in kind after a commodity is bought or sold.
The buyers and sellers of open contracts are equal, and domestic positions are calculated according to the total number of buyers and sellers. If both the buyer and the seller are new positions, two contracts will be added; If one party opens the position and the other party closes the position, the position remains unchanged; If the buyers and sellers close their positions, the positions will be reduced by 2 contracts. When the next opening quantity is equal to the closing quantity, the positions held will remain unchanged.